The first round of the China-US Strategic and Economic Dialogue concluded on Tuesday with consensus on a number of issues ranging from anti-terrorism, regional threats and military exchanges to global warming, environmental protection and developing new energy options.

That President Hu Jintao sent a message to the Dialogue and US president Barack Obama attended the opening ceremony explicitly indicated the importance attached to the process by the two countries.

In the context of the global financial crisis and emerging challenges, the significance of dialogue and cooperation between a superpower and an emerging power goes far beyond the bilateral ties and has a worldwide impact.